Wednesday
Mar162011
Apple (AAPL) Breaks Uptrend
Wednesday, March 16, 2011 at 12:26PM Apple (AAPL) successfully tested and held its long-term uptrend channel three times this year, but yesterday the uptrend finally failed to hold. As shown below, the stock broke the uptrend yesterday but managed to trade higher from the open to the close. Today the stock opened down by a few points, and it has continued lower to its current level of $333.50, which is down nearly $12 on the day.
Reader Comments (1)
you need a post showing how many stocks have broken their 50 day average... i bet more than 50% have in the last 10 trading days... this will put AAPL into perspective.